Working capital loan

Product

Working capital loan

Client

Corporate​ clients

Source of funding

Bank's own and attracted funds

Purpose of the loan

- Issuing wages to employees;

- Purchase of raw materials, materials, and components;

- Carrying out routine repairs;

- Pre-export financing;

- other purposes of financing of working capital, including within the

framework of government programs, foreign financial institutions` credit

lines, etc.

Currency

In national/foreign currency

Maximum loan amount

1) up to 30% of the client’s net revenue for the previous financial year

or

2) based on the bank’s calculations based on the indicators for the previous financial year.

Loans for working capital received from Ipoteka-Bank and other banks may affect the amount of the loan for working capital.

The maximum amount of a loan for salary payment must not exceed the amount of two months' accrued salary.

Interest rate

Determined individually in accordance with the bank’s internal rules.

Loan term

At less than 3 months, but not more than 24 months;

Credit for payment of wages to employees - maximum term 45 days

Grace period for the loan

Up to 6 months from the date of conclusion of the agreement (for loans at least 12 months )

Security

According to the bank's internal regulations.

Commission​ payments

For loans from own funds – not applicable.

The attracted resources are determined individually within the framework of the terms of foreign credit lines.

Repayment​ credit

Interest: monthly;

Principal debt: After the grace period, it is established on the basis of the project and agreed upon with the bank.